https://www.taxtmi.com/caselaws?id=290044 The High Court of Madras ruled that profession tax paid under Section 111 of the Madras City Municipal Act is not deductible as an expense for income tax purposes. The court determined that the tax is a payment made out of the taxpayer's income, akin to Income Tax, and not an expenditure incurred to earn the income. It emphasized that the tax is levied based on income earned by professionals and is not solely for carrying on their profession. The court concluded that the profession tax is not a proper deduction under Section 11 of the Income Tax Act. en-us Thu, 29 Oct 1925 00:00:00 +0530 Sat, 05 Sep 2020 18:15:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290044 The High Court of Madras ruled that profession tax paid under Section 111 of the Madras City Municipal Act is not deductible as an expense for income tax purposes. The court determined that the tax is a payment made out of the taxpayer's income, akin to Income Tax, and not an expenditure incurred to earn the income. It emphasized that the tax is levied based on income earned by professionals and is not solely for carrying on their profession. The court concluded that the profession tax is not a proper deduction under Section 11 of the Income Tax Act. Case-Laws Income Tax Thu, 29 Oct 1925 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290044